Invesco FTSE RAFI US 1000 ETF (NYSEARCA:PRF) Sees Large Volume Increase – Here’s Why

Invesco FTSE RAFI US 1000 ETF (NYSEARCA:PRF) shares saw unusually-strong trading volume on Wednesday . Approximately 640,455 shares were traded during mid-day trading, an increase of 78% from the previous session’s volume of 358,931 shares.The stock last traded at $42.05 and had previously closed at $42.03.

Invesco FTSE RAFI US 1000 ETF Stock Down 0.2 %

The firm’s 50 day moving average is $41.54 and its 200-day moving average is $39.82. The firm has a market cap of $7.70 billion, a PE ratio of 3.61 and a beta of 0.85.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of PRF. RFG Advisory LLC grew its holdings in Invesco FTSE RAFI US 1000 ETF by 7.3% in the third quarter. RFG Advisory LLC now owns 5,980,169 shares of the company’s stock valued at $242,974,000 after purchasing an additional 405,733 shares during the period. LPL Financial LLC boosted its holdings in Invesco FTSE RAFI US 1000 ETF by 2.0% in the third quarter. LPL Financial LLC now owns 2,474,028 shares of the company’s stock valued at $100,520,000 after acquiring an additional 48,563 shares during the last quarter. Arbor Investment Advisors LLC boosted its holdings in Invesco FTSE RAFI US 1000 ETF by 1.2% in the third quarter. Arbor Investment Advisors LLC now owns 2,225,980 shares of the company’s stock valued at $90,442,000 after acquiring an additional 26,692 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its position in Invesco FTSE RAFI US 1000 ETF by 1.3% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,875,442 shares of the company’s stock valued at $71,173,000 after acquiring an additional 23,345 shares during the period. Finally, D.A. Davidson & CO. increased its stake in Invesco FTSE RAFI US 1000 ETF by 1.3% during the third quarter. D.A. Davidson & CO. now owns 1,669,374 shares of the company’s stock worth $67,827,000 after acquiring an additional 21,714 shares during the last quarter.

About Invesco FTSE RAFI US 1000 ETF

The Invesco FTSE RAFI US 1000 ETF (PRF) is an exchange-traded fund that is based on the FTSE RAFI US 1000 index. The fund tracks an index of 1,000 of the largest US companies that are selected and weighted using fundamental metrics. PRF was launched on Dec 19, 2005 and is managed by Invesco.